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Petroleum

  • Interchange: 1.90% + $0.00 ($0.95 Cap)

Petroleum is the MasterCard Interchange rate for a base card type card present credit transaction.

Primary Qualifications:

  • Cardholder and card present signature obtained single electronic authorization read & transmit complete magnetic stripe transaction settled within 1 day of authorization Banknet reference number and Banknet date required in clearing transaction.
  • Sic code is 5541 or 5542.
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